Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

Genesis Energy: A Growth Focused Midstream And Downstream MLP

Genesis Energy, L.P. (NYSE:GEL) is an energy MLP engaged mostly in fee-based midstream and downstream services. Unlike most MLPs, Genesis Energy does not have a general partner and therefore does not pay any IDRs. The company has limited commodity price exposure due to the majority of its capacity being under long-term, fixed-margin contracts. Genesis Energy is heavily involved with Gulf Coast refineries, providing intermediate supply and logistics products and services. As a result of the recent refining boom, Genesis Energy has seen its margins surge. YTD, Genesis Energy has been an outperformer with its shares up over 40%. Genesis Energy offers a $0.4975 per share quarterly distribution and yields about 4.00%.

(click to enlarge)


Genesis Energy's assets...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details